BEIJING, 14 MAY – China and South Korea are planning to make a free trade agreement within two years, according to China‚Äôs development and reform Commission. “An FTA between the two will not only further inject vitality into the East Asian economies, but also will become an important driver in promoting the long-term goal of economic cooperation in the East Asian region.” South Korean President Lee Myung-bak is currently in Beijing for the annual summit with the leaders of China and Japan and, in an interview with state broadcaster CCTV, he said that it is not difficult for the two countries to reach an agreement.